Teaching Methodologies
The teaching of the curricular unit is based on recent research materials and the experience gained through practice. The pedagogy of the course is strongly interactive. It wants substantial participation of students and know-how learning. Teaching methods include group discussion of real cases and individual elaboration of pedagogical exercises. Emphasis is placed on helping students relate concepts, ideas, and theories to real practice.
The classes are theoretical-practical, and the presence and participation active in the classes is optional, although strongly recommended.
Learning Results
The general aim of this course is to provide students with the necessary foundations to rationalize companies’ financial problems, seeking to present a rigorous and in-depth conceptual and methodological framework for their analysis.
In terms of specific competences and objectives, the aim is for students, by the end of this course, to have acquired the knowledge and developed the skills that will enable them, on a conceptual and practical level, to understand, discuss and evaluate the impact of:
1. investment decisions and their ability to create value;
2. decisions on capital structure;
3. decisions on profit distribution policy;
4. decisions on the choice of specific financing sources;
5. financial planning.
Program
1. INTRODUCTION
2. INVESTMENT DECISIONS: AN INTRODUCTION
3. MEDIUM AND LONG-TERM FINANCING AND COST OF CAPITAL
a. Characteristics of the main sources of long-term financing
b. Main Financial Instruments of the Capital Markets
c. Capital structure policy and its main determinants
d. Risk, profitability, and opportunity cost of capital: the CAPM and the dividend models
e. Determination of WACC
4. DISTRIBUTION TO SHAREHOLDERS
a. Different forms of distribution of results: dividends and repurchases
b. Key determinants of the distribution policy
5. SHORT-TERM FINANCIAL DECISIONS
a. Basic principles of treasury management
b. Working Capital Management
c. Characteristics of major short-term financial investments
d. Characteristics of the main sources of short-term financing
6. FINANCIAL PLANNING
a. Short-term financial planning: the cash budget
b. Medium and long-term financial planning: the preparation of the financial planning
c. Forecasted financial statements: the balance sheet and income statement
Internship(s)
NAO
Bibliography
1. Benzinho, J. (2015). Objetivos da empresa, comportamento dos investidores e gestores, governo societário e decisões financeiras. Doi: 10.13140/RG.2.1.4425.8644
2. Benzinho, J. (2016). A distribuição de riqueza pelos proprietários da empresa.
4. Martins, A., Cruz, I., Augusto, M., Silva, P. & Gonçalves, P. (2016). Manual de Gestão Financeira Empresarial, 2a edição, Escolar Editora.
5. Morgado, A. & Dias, J. C. (2011). Fontes de financiamento de médio e longo prazo.
6. Vieito, J. P. & Maquiera, C. P. (2022). Finanças Empresariais – Teoria e Prática, 3ª edição. Escolar
Editora.
Bibliografia complementar:
1. Caldeira, H. (2001). Princípios de Gestão Financeira, 13a edição, Editorial Presença.
2. Gomes, A., Nunes, J. P., Ferreira, M. A. &Barroso, C. S. (2020). Finanças Empresariais – Teoria e
Prática, 6a edição, Publisher Team
3. Hawawini, G. & Viallet, C. (2022). Finance for Executives – Managing for Value Creation, 7th
Edition, Cengage Learning.
4. Hill, N.C. & Sartoris, W.L. (1994). Short-Term Financial Management, 3edition, Prentice-Hall.
5. Hillier, D., Ross, S., Westerfield, R., Jaffe, J. & Jordan, B. (2020). Corporate Finance, Fourth European Edition, Mc Graw Hill.
6. Vidigal, J. V. & Ferreira, P. J. S. (2018). Princípios de Gestão Financeira, 2a Edição, Rei dos Livros.